September 17, 2019  
 
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Selling a Company

 

Selling a Stone Cutters Business

Business sellers have diverse personal and professional goals for the sale of their companies. But no matter what you expect from the sale of your stone cutters business, it's in your best interest to maximize the sales price through the application of proven sales techniques.

Business buyers are a timid lot, even more so now that they are facing an uncertain economic landscape.
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Nothing lasts forever and you will ultimately be faced with the task of selling your company. And when that day arrives, you need to know how to sell your stone cutters business in a way that achieves positive outcomes for you and the business.

Tips for Working with A Business Broker

Business brokers are professional business sellers. Brokers routinely work with stone cutters business owners to achieve desired outcomes and deliver a successful sale as quickly as possible. However, your broker will still expect you to materially participate in the sale of your business. To maximize your broker's potential, conduct periodic consultations throughout the process and deliver requested information as quickly as possible.

Pre-Sale Checklist

The pre-sale checklist for a stone cutters business is long and is full of critical tasks that will likely determine the success (or failure) of your sale. Perhaps the most important pre-sale consideration is to right-size your expectations to the realities of the market. Armed with a realistic timeframe and asking price, you can begin to consult with your broker about the best way to approach likely buyers.

Seller Financing

Capital is hard to come by these days. Banks and other lending institutions aren't eager to lend to unproven and undercapitalized stone cutters business buyers regardless of the business's potential. Rather than abandon their plans entirely, many buyers are pursuing finance concessions from sellers. Although 100% seller financing isn't recommended, sellers are financing up to 70% of the sale price to close deals.

More Exit Planning Articles

Ready to learn more? You may find these additional resources to be of interest.

Marketing a Stone Cutters Business

Entrepreneurial Exit Strategies


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Still have questions about selling a stone cutters business? Ask away and we'll do our best to get you a timely reply. We also welcome any tips or advice you'd care to share with others.


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